20 Baif Boulevard 605, Richmond Hill

$718,000
20 Baif Boulevard 605

$718,000

New
9d
Condo ApartmentApartment

20 Baif Boulevard 605, Richmond Hill

Total Monthly Obligation $4,206

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
9d
Score
18
Yield
5.6%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.6%
Property Type-Condo Apartment
MLS® Number-N14032252
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,616 (2026)
Maintenance-$891.4/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Gas)
Brokerage-RE/MAX REALTRON REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-90+ days
Neighbourhood-North Richvale
Title-Residential Condo & Other

No agent assigned

Enjoy spacious, sun-filled condo living in this beautifully renovated 1,224 sq. ft. two-bedroom plus solarium suite. West-facing floor-to-ceiling windows bring in wonderful afternoon light and offer sweeping neighbourhood views. The generous living and dining area provides plenty of room to entertain, relax and accommodate a full-sized dining table, while the separate solarium offers flexible space for a home office, reading retreat or other uses. The stylish kitchen is designed for both everyday living and entertaining, with an impressive island, white cabinetry, stone countertops, glass subway tile backsplash, under-cabinet lighting, stainless steel appliances and abundant storage and preparation space. Quality wide-plank flooring, crown moulding and sleek LED pot-style lighting in the kitchen and bedroom bulkheads and living room dropped ceiling add warmth and polish throughout. Both bedrooms are comfortably proportioned. The primary bedroom features large his-and-hers closets and room for a dedicated workspace. Two updated bathrooms include a 4-piece main bath with a glass tub enclosure and a 3-piece ensuite with a beautifully finished glass shower, contemporary tilework and modern fixtures. Located in an established condominium community, this suite includes one parking space and one locker. Another attractive benefit: electricity, heating, water and cable TV are all included in the maintenance fees. Everyday convenience is a major attraction: Hillcrest Mall, Yonge Street shops and restaurants, No Frills, T&T, banks, pharmacies, LCBO, fitness facilities, medical and dental services, cafés and salons are all nearby. Richmond Hill Hospital, historic downtown Richmond Hill, local transit and GO Transit are also readily accessible. A wonderful combination of generous space, modern finishes and an exceptionally convenient location.

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$
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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$574,400
Land Transfer Taxes$10,835
Legal Fees (Est.)
$
Total cash required for closing$155,935

Total Monthly Obligation

$4,206/mo
Mortgage $2,896
Monthly Loss $3,443
Principal$762
Interest$2,134
Property Tax$218
Condo Fees$891
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.1%1
5-Year IRR
8.6%27
10-Year IRR
9.6%
Returns Index
14.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$40,500/yr
NOI
$20,737/yr
Net Cash Flow
-$1,168/mo
Cash Margin
-34.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
20.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 20 Baif Boulevard 605

Time

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